Tag: Chevron

• Monday, September 24th 2018 - 09:15 UTC

  Petrobras plans to increase output 10% next year to some 2.3 million bpd

  

  Brazil’s state-run oil giant Petrobras aims to raise output as much as 10% to around 2.3 million barrels per day (bpd) in 2019 and cut net debt by US$10 billion, according to Chief Financial Officer Rafael Grisolia. The world’s most indebted oil company is on course to reduce debt to US$ 69 billion by the end of this year despite falling short of its US$ 21 billion asset sales target, Grisolia pointed out.

• Saturday, February 3rd 2018 - 10:53 UTC

  US markets suffer their steepest decline since June 2016. Dow Jones fell 2.5%

  

  The blue chip Dow Jones Industrial Average suffered its steepest decline since June 2016 on Friday, amid wider losses in United States markets. The fall came after a string of disappointing earnings reports from giants such as Apple.

• Friday, March 24th 2017 - 11:02 UTC

  Maduro desperately selling assets to pay US$ 3.7bn in debts

  

  In an effort to handle its overdue debts, Venezuela is all but giving away oil assets. President Nicolás Maduro is reportedly so desperate to pay the US$ 3.7 billion in debts that he is selling off the assets to Russia.

• Tuesday, May 5th 2015 - 17:38 UTC

  Brad Pitt invited to Ecuador to observe the 'pollution disaster” allegedly caused by Chevron

  

  US cinema star Brad Pitt has been invited by the Ecuadorian government to observe the pollution in the country's Amazon region allegedly caused by Chevron. President Rafael Correa announced the invitation in his regular weekend report, saying that the oil giant is in preparation of spearheading a film with the movie star about an alleged case against the company.

• Thursday, December 11th 2014 - 12:04 UTC

  Malaysia's Petronas and YPF sign 550 million deal to develop shale deposits in Patagonia

  

  YPF SA and Petroliam Nasional Bhd, state-controlled companies from Argentina and Malaysia, signed a 550 million dollars deal to drill fields at the world’s fourth-largest shale oil deposit in Patagonia’s Vaca Muerta, south Argentina.

• Wednesday, November 19th 2014 - 09:42 UTC

  Chevron begins oil and gas production at Tubular Bells, in the Gulf of Mexico

  

  Chevron Corporation announced on Tuesday that the Hess Corporation-operated Tubular Bells deepwater project, located in the U.S. Gulf of Mexico, has started crude oil and natural gas production. The field is located 217 km southeast of New Orleans, in approximately 1,310 m of water in the Mississippi Canyon area.

• Monday, June 9th 2014 - 06:10 UTC

  US Embassy praises Argentina: says 'investment climate has started to change'

  

  The United States Chargé d'Affaires at the Embassy In Buenos Aires Kevin Sullivan, who is in charge of the embassy on an interim basis, praised Argentina’s agreement with Paris Club, ICSID and YPF-Repsol deal, saying “the situation is changing, in a good way” and pointing out a change in investment climate.

• Friday, May 23rd 2014 - 23:50 UTC

  Argentina with 'Vaca Muerta' won the 'geological lottery': 305 meters-thick shale oil and gas

  

  Argentina has won the “geological lottery” with its 305 meters-thick Vaca Muerta shale oil and gas field in Patagonia, a spokesman for Chevron said on Thursday, as the U.S. energy giant increases its investments in the country. The company and state-owned oil firm YPF announced plans last month to invest an additional 1.6 billion to develop Vaca Muerta.

• Tuesday, November 19th 2013 - 09:08 UTC

  US government sides with Repsol in the YPF assets seizure with Argentina

  

  United States sided with Spain's Repsol position in the dispute over the seizure of a majority stake in YPF by the administration of Argentine President Cristina Fernandez last year, a dispute which remains unresolved over compensation for the assets.

• Thursday, October 24th 2013 - 07:25 UTC

  Former Ecuadorean judge admits taking bribes in pollution case against Chevron

  

  A former Ecuadorean judge who presided over a pollution case against Chevron Corp. (CVX) testified that he and a colleague who issued a 19 billion judgment against the company in the environmental lawsuit were bribed.